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Wednesday, August 04, 2010

Well Said. By The Way - Who Did Say This?

This is a recent speech/comment from a leading political comentator reacting to President Obama's most recent campaign speech again blaming everything on his predecessor. To me, this piece quite succinctly frames one of the most frustrating aspects of this administion. The author reminds us that Obama just didn't show up from a neighboring planet 20 months ago:

"Barack Obama was part of the problem while in Congress. Senator Obama pushed the fiscally irresponsible measures that Democrats, who held the majority, advanced while holding the government’s purse strings. And now, as President, he’s not just one of the pack anymore as a mere contributor to the problem – he now leads the problem. We are sick and tired of President Obama pointing his finger and screeching through his blame game about what he “inherited.” Up until 18 months ago he was fully engaged in that Congressional herd mentality of the Left as he just went with the flow, adding to the debt and deficit, instead of bucking his party’s leadership to stop the recklessness. (Did you ever hear him as an independent voice standing up and speaking out against his Democrat party’s overspending and over reach? Come to think of it, did you ever hear of his congressional record at all? For the life of me I can’t think of any time he used his bully pulpit as a sitting U.S. Senator to lead free market, equality-respecting pro-private sector efforts, nor to change up actions he now conveniently condemns. He could have refudiated them all.)…Regardless of what the Democrats want you to believe, this is a tax increase on every American who pays taxes. Families will suffer because the Democrats’ tax hike will reinstate the marriage penalty, cut the child tax credit in half, abolish various personal exemptions, and impose limits on itemized deductions like home mortgage interest and charitable contributions. Investors and savers would suffer through increases in the top rates in long-term capital gains and qualified dividends. And the Alternative Minimum Tax would end up hitting 15 million taxpayers – up from 4 million in 2009. We’ll all be feeling the pinch, but the ones who will be hit hardest by this massive tax hike will be America’s small business owners – the businesses that create up to 70% of all jobs in this country. According to a recent report by the Congressional Joint Committee on Taxation, small business owners will pay over half the taxes raised when the Democrats increase the top two tax brackets. In an already anemic jobless recovery, the last thing government should do is to impose even higher tax burdens on job creators. Instead of hurting “the rich,” such measures would end up hurting the unemployed."

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Transplanted Texan living in la-la land. Rock n' Roll Republican disappointed with a mindless and shiftless media. Also believe a free market economy might be a good idea.
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